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Can I Test a Strategy While Building Up My Strategy Tree?

Can I Test a Strategy Before I Enable My Strategy?

Yes, in fact we would suggest to do just that with all your strategies, before you enable them to be ranked live every day.

The Brutus Options Ranker will perform a rank on "sandbox" data. Important to note that "sandbox" data is a limited set of market data from two weeks ago and does not reflect real-time market conditions.

However, sandbox testing will give you a good feel for how Brutus will rank options trading alternatives with your strategies.

How Do I Create a Test Strategy?

To begin, go to your dashboard page. Click on the strategies button located at the bottom of the far left panel, as shown below.

Once you reach the ‘My Strategies’ page, hit the ‘Create Strategy’ button on the upper right-hand side of the page.

You are now where you need to be to begin setting up your strategy for testing.

Provide a title and description for your strategy in the pop-up box that will appear. For example, if your strategy entails a reduction of risk while maximizing potential reward, you might name it ‘Risk/Reward Min/Max’.

Or you could choose some aptly named title and describe it as a risk-minimizing, reward-maximizing strategy. When you're finished, click "done".

Important

Remember to fully complete the strategy setup, including all the necessary criteria, otherwise you will not be able to run or test it.

You will see a series of screens. These indicate that the test is in progress and the ‘Sandbox Demo’ is ready. Also, a final screen will indicate the results of your test.

Lastly, you should see displayed ranked choice(s) indicating the probability for profitability and the suggested options. As mentioned before, the data is based on prior information and is not reflective of real-time market data.

The run test function within the Brutus Options Ranker gives you a good indication of the potential for success. Also, it allows you to make necessary modifications to your options strategy for your desired outcome and criteria.

By using this site, you acknowledge that you have reviewed the Terms & Conditions, Informational Services Agreement and Privacy Policy on the legal page of this website and agree to all therein.

None of OptionAutomator LLC, any Personality featured on our site, application, or in the Content, nor any of OptionAutomator’s members, managers, employees, representatives, agents or independent contractors is, in such capacities, registered investment advisers, licensed financial advisors, or registered broker-dealers. They do not provide investment or financial advice and they do not make investment recommendations. The trades screened by the Software do not constitute solicitations, recommendations, promotions, endorsements or offers by the individuals featured on OptionAutomator or OptionAutomator itself. You may download the Options Disclosure via link in the following paragraph.
BRUTUS OPTIONS RANKER applies Multi-Criteria Decision Making mathematics to establish your trading criteria and then ranks potential options trades against the criteria set by the User in the account. None of the people associated with OptionAutomator, nor OptionAutomator, guarantees any particular results or profits from the trades, nor provide guarantee to the accuracy and availability of the software. The risk of loss in trading securities, including options and equities, is substantial. There is a risk of loss in all trading and investment strategies and opportunities that are discussed on OptionAutomator Website, Content, Software, or Public Forums.
When trading options, you may lose more than your initial investment. Options trading is not suitable for all investors. It is the responsibility of the user to review and agree with the Options Disclosure document: Characteristics and Risks of Standardized Options. The trades, public templates and strategies may not be suitable for you and do not take into account your particular financial situation or your investment objectives. None of the trades are being recommended to you nor contain any guarantee of accuracy. The trades are for informational purposes. Before engaging in any trading based on any information you receive from the Website, Content, Software, or people associated with OptionAutomator or other users, you should determine whether the trades are suitable for your circumstances. If you are unsure about how trades you may make will affect your overall financial portfolio or the level of risk that is involved, you may want to consult with your financial adviser prior to entering any position.